AppTech GAAP net loss narrows to $1 million in Q2 FY26; revenue rises to $1.7 million

Reuters2026/07/29 13:02

By:Reuters

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AppTech Payments posted Q2 2026 revenue of $1.7 million, up 21.43% from Q1 2026 and more than doubled from a year earlier.
GAAP operating loss narrowed to $0.9 million from $2.9 million in Q1 2026; GAAP net loss improved to $1 million from $3.3 million.
Cash-based operations loss tightened to $0.5 million from $0.7 million in Q1 2026.
Revenue rose despite losing most BAAS revenue amid previously disclosed disruptions with its principal banking partner; efforts to reestablish BAAS revenue continue.
Interim CEO and CFO Felipe Corrado said AppTech added interim CTO Nick Saponaro and expects to hire a chief compliance officer shortly.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AppTech Payments Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607290900PRIMZONEFULLFEED9799896) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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AppTech GAAP net loss narrows to $1 million in Q2 FY26; revenue rises to $1.7 million

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